Question
1.In the determination of materiality of materiality and the responsibility of the CPA, the following is the standard concerning governmental financial reporting and auditing. A.Materiality
1.In the determination of materiality of materiality and the responsibility of the CPA, the following is the standard concerning governmental financial reporting and auditing.
A.Materiality is judgement is a judgement that is made by the auditor and is dependent on funding, legal, regulatory, government, and net position/activities amounts.
B.Materiality is based solely based on net position/activities amounts and does not include the constituent size of the government.
C.Materiality is totally is totally subjective and up to the judgment of the auditor.
D.Materiality is totally subjective and up to the judgment of the government that is being audited.
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Business Accounting
Authors: Jill Collis, Andrew Holt, Roger Hussey
3rd Edition
113752149X, 9781137521491
